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19616 N 71st Avenue Glendale, AZ 85308

4 Beds 3 Baths 3,170 sqft Built 2001

$749,900

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $236.56
  • 2 Days on Market
  • MLS # : 6206953
  • Updated Date : 03/13/2021 at 20:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,170 sqft
  • Baths : 3 full
Listing Agent

Blondie Wolfe & Associates

Listing Agent's Description

Gorgeous rare and special home with fabulous VIEWS of golf course! One owner (original builder!) with perfect builder upgrades throughout! Stunning high ceilings in open living room & kitchen, with full master bedroom downstairs, beautiful custom kitchen, island, cherry cabinets, awesome wine wall, butler's pantry & wet bar! Amazing wall of windows with VIEWS throughout home! Custom built pool, waterfall, built-in bbq entertainment area, & fruit trees too. Office/den (additional bedroom?) downstairs with full bathroom. 3 bedrooms upstairs, full bath & large loft with more views! Loft could be converted to another master with bath -piping nearby. Wonderful Arrowhead area near Mall, shopping, restaurants & entertainment! See documents tab for list of upgrades.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arrowhead Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $104k387k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Arrowhead Ranch

ZipNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9521981

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Mountain Ridge High School High Regular 2,206 94 7
Mountain Ridge High School High Unknown NA

Mountain Ridge High School

  • Education Level: High
  • # of students: 2,206
  • # of teachers: 94
7
GreatSchools Rating

Mountain Ridge High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$674,910$824,890$749,900

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,605
Property Tax -$534
Property Insurance -$89
HOA -$5
Property Management Fees -$99
CASH FLOW
-$751

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$749,900

PROJECTED PRICE

$2,580

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,605

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,047

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,782

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4253$2,5004$2,7955$2,950
$2,950
RENT COMPS ANALYSIS
  • 19616 N 71st Avenue Glendale, AZ 1
    • 4 beds 3 baths ∙ 3,170 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,170 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6478 W Tonopah Drive Glendale, AZ 2
    • 4 beds 4 baths ∙ 2,832 Sqft ∙ Built 1996 4 beds 4 baths ∙ 2,832 Sqft ∙ Built 1996
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,425
    • $0.86
    •  
  • 7021 W Kimberly Way Glendale, AZ 3
    • 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,860 Sqft ∙ Built 1985
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
  • 18723 N 77th Avenue Glendale, AZ 4
    • 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 1995 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 1995
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.91
    •  
  • 7584 W Firebird Drive Glendale, AZ 5
    • 4 beds 4 baths ∙ 3,395 Sqft ∙ Built 2012 4 beds 4 baths ∙ 3,395 Sqft ∙ Built 2012
    LEASED 11/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.87
    •  
PROPERTY LISTING DETAILS
Caroline Harbeck Farkas
Blondie Wolfe & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206953
Last Updated: 03/13/2021
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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